Do you remember feeling “money shame” for the first time?
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It’s no secret that the values, advice, and experiences we encounter as children shape how we relate to other people later in life. But less obvious is how our early experiences shape our relationship with money.
Like other relationships, the ways we interact with money — whether it be spending, saving, or investing — can be highly emotionally charged, sometimes to the extent that we lose our control to make smart financial decisions.
That’s why it’s important to understand where you come from before plotting where you’re going when it comes to personal finance. Doing so will not only help you plan for financial success, but it will also give you the tools to help your children develop a healthy and positive relationship with money.
Kathleen Burns Kingsbury’s title is incorrectly cited in the video as financial psychologist. Kingsbury’s title is wealth psychology expert.
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We created this video in partnership with @MillionStoriesMedia
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